New Delhi, July 13 -- Foreign selling in Indian equities is likely behind us, with sentiment expected to turn incrementally favourable as India's domestic outlook improves and overseas investor positioning remains exceptionally light, according to Goldman Sachs' July India Strategy note.
The global investment bank expects the benchmark Nifty 50 index to climb to 26,500 by June 2027, implying an upside of around 10 per cent from current levels, despite the likelihood of continued market volatility due to renewed geopolitical tensions in West Asia.
"Sentiment should turn incrementally favourable toward Indian equities due to an improved domestic outlook and ultra-light foreign positioning," analysts led by Timothy Moe wrote in the report, c...